1. Financial market News

VN-Index rises as trading cools

The VN-Index added 0.56 percent to 924 points Friday, with trading volume falling significantly after a week at this year’s highest levels. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 188 tickers gaining and 197 losing. Total trading volume fell over 17 percent compared to the previous session, reaching VND6.64 trillion ($287.18 million). The bourse has been seeing some of the year’s busiest sessions in the past week with daily trading volume consistently totaling around VND7 trillion, as the VN-Index continued to recover back to levels before the Covid-19 pandemic caused mass sell-offs on the stock market. Before the Covid-19 pandemic shook Vietnam’s equity markets, daily trading volume usually hovered between VND3-4 trillion, while in quiet periods, such as the month before Lunar New Year, as well as when Vietnam first closed off its borders in February as a pandemic response, trading could go as low as VND2 trillion per day. The VN30-Index for the stock market’s 30 largest caps this session gained 0.54 percent, with 13 stocks rising and 10 falling

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2. Banking news

Banks put pedal to the metal in digital transformation

The banking industry has been recently abuzz with digital transformation as lenders embark on their journey to become more tech-enabled to keep pace with disruptive technologies. Notwithstanding, many are still unsure about what digital transformation entails, and whether customers would welcome innovations.

Most lenders are upping the ante in consumer experience, with some trying to blend experiences from the physical and digital worlds.

Detailed information here.

3. International finance News

EU wins right to place tariffs on $4 bln U.S. goods in aircraft spat

The European Union has won the right to impose tariffs on $4 billion in U.S. goods in retaliation for subsidies granted to planemaker Boeing under a World Trade Organization (WTO) ruling on Tuesday.